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Vanguard 2025-2026: where it broke with the board

Two kinds of vote are listed: a board-sponsored proposal Vanguard voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.

Everything Only shareholder proposals it backed

6,029 proposals. The board-sponsored half of this list keeps the 6,000 proposals with the most funds behind them; the rest are in the interactive database. Every shareholder proposal it backed is listed in full.

Vanguard, 2025-2026 proxy season. Who put a proposal on the ballot is taken from the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedVanguard votedFunds
PPG INDUSTRIES, INC. April 16, 2026 Election of Director: Kathleen A. Ligocki Director Elections Board AGAINST 9
PPG INDUSTRIES, INC. April 16, 2026 Election of Director: Michael T. Nally Director Elections Board AGAINST 9
PPG INDUSTRIES, INC. April 16, 2026 Election of Director: Michael W. Lamach Director Elections Board AGAINST 9
PPG INDUSTRIES, INC. April 16, 2026 Election of Director: Timothy M. Knavish Director Elections Board AGAINST 9
PRUDENTIAL FINANCIAL, INC. May 12, 2026 Ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for 2026. Audit-related Board AGAINST 9
PagSeguro Digital Ltd. May 27, 2026 Elect Director Cleveland Prates Teixeira Director Elections Board AGAINST 9
PagSeguro Digital Ltd. May 27, 2026 Elect Director Marcia Nogueira de Mello Director Elections Board AGAINST 9
PagSeguro Digital Ltd. May 27, 2026 Elect Director Maria Carolina Ferreira Lacerda Director Elections Board AGAINST 9
Precigen, Inc. June 18, 2026 Company Proposal - Election of Directors: Vinita Gupta Director Elections Board AGAINST 9
Provident Bancorp, Inc. September 16, 2025 The approval, on an advisory (non-binding) basis, of specified compensation that may become payable to the named executive officers of Provident Bancorp, Inc. in connection with the merger. Say-on-Pay Board (inferred) AGAINST 9
Publicis Groupe SA May 27, 2026 Elect Benjamin Badinter as Director Director Elections Board AGAINST 9
Quantum Computing Inc. June 24, 2026 Approve an amendment to the Company's 2022 Equity and Incentive Plan. Compensation Board AGAINST 9
REINSURANCE GROUP OF AMERICA, INC. May 20, 2026 Ratify the appointment of Deloitte & Touche LLP as the Company's independent auditor for the year ending December 31, 2026. Audit-related Board AGAINST 9
Rackspace Technology, Inc. June 18, 2026 Approve an amendment to the Company's 2020 Equity Incentive Plan to increase the number of shares of common stock authorized to be issued under the plan. Compensation Board AGAINST 9
Royalty Pharma plc June 4, 2026 Election of Directors: Vlad Coric, M.D. Director Elections Board AGAINST 9
SALESFORCE, INC. May 28, 2026 Approval, on an advisory basis, of the fiscal 2026 compensation of our named executive officers. Compensation Board AGAINST 9
SLB N.V. April 8, 2026 Election of Director: Miguel Galuccio Director Elections Board AGAINST 9
SalMar ASA June 22, 2026 Approve Remuneration Statement Compensation Board AGAINST 9
StoneCo Ltd. April 23, 2026 Elect Director Diego Fresco Gutierrez Director Elections Board AGAINST 9
StoneCo Ltd. April 23, 2026 Elect Director Luciana Ibiapina Lira Aguiar Director Elections Board AGAINST 9
StoneCo Ltd. April 23, 2026 Elect Director Silvio Jose Morais Director Elections Board AGAINST 9
Synchronoss Technologies, Inc. February 12, 2026 To approve, on a non-binding, advisory basis, certain compensation that will or may become payable by Synchronoss to its named executive officers in connection with the Merger. Say-on-Pay Board (inferred) AGAINST 9
T-MOBILE US, INC. June 16, 2026 Advisory Vote to Approve the Compensation Provided to the Company's Named Executive Officers for 2025. Compensation Board AGAINST 9
TARGET CORPORATION June 10, 2026 Company proposal to approve, on an advisory basis, our executive compensation (Say on Pay). Compensation Board AGAINST 9
TARGET CORPORATION June 10, 2026 Election of Director: Christine A. Leahy Director Elections Board AGAINST 9
TARGET CORPORATION June 10, 2026 Election of Director: David P. Abney Director Elections Board AGAINST 9
TARGET CORPORATION June 10, 2026 Election of Director: Derica W. Rice Director Elections Board AGAINST 9
TARGET CORPORATION June 10, 2026 Election of Director: Gail K. Boudreaux Director Elections Board AGAINST 9
THE KRAFT HEINZ COMPANY May 14, 2026 Advisory vote to approve executive compensation. Compensation Board AGAINST 9
THE KRAFT HEINZ COMPANY May 14, 2026 Election of Director: John C. Pope Director Elections Board AGAINST 9
THE KRAFT HEINZ COMPANY May 14, 2026 Election of Director: John T. Cahill Director Elections Board AGAINST 9
THE SOUTHERN COMPANY May 13, 2026 Approve an amendment to the Restated Certificate of Incorporation to authorize additional common stock Capital Structure Board AGAINST 9
THERMO FISHER SCIENTIFIC INC. May 20, 2026 Ratification of the Audit Committee's selection of PricewaterhouseCoopers LLP as the Company's independent auditors for 2026. Audit-related Board AGAINST 9
TPG Inc. June 3, 2026 Election of Directors: William McRaven Director Elections Board WITHHOLD 9
TRANSUNION May 12, 2026 Election of Director: Charles E. Gottdiener Director Elections Board AGAINST 9
TRANSUNION May 12, 2026 Election of Director: Hamidou Dia Director Elections Board AGAINST 9
TRANSUNION May 12, 2026 Election of Director: Thomas L. Monahan, III Director Elections Board AGAINST 9
TRANSUNION May 12, 2026 To approve, on a non-binding advisory basis, the compensation of TransUnion's named executive officers. Compensation Board AGAINST 9
Telenor ASA May 19, 2026 Approve Remuneration Statement (Advisory Vote) Compensation Board AGAINST 9
The Marcus Corporation May 21, 2026 Election of Directors: Katherine M. Gehl Director Elections Board WITHHOLD 9
Tokyo Tatemono Co., Ltd. March 26, 2026 Appoint Statutory Auditor Mishima, Yusuke Compensation Board AGAINST 9
Tomra Systems ASA April 23, 2026 Approve Remuneration Statement Compensation Board AGAINST 9
Tomra Systems ASA April 23, 2026 Approve Remuneration of Auditors Audit-related Board AGAINST 9
ULTA BEAUTY, INC. June 9, 2026 To approve the Ulta Beauty, Inc. 2026 Incentive Award Plan. Compensation Board AGAINST 9
UNITED PARCEL SERVICE, INC. May 7, 2026 To approve, on an advisory basis, named executive officer compensation. Compensation Board AGAINST 9
VERISK ANALYTICS, INC. May 19, 2026 To approve executive compensation on an advisory, non-binding basis. Compensation Board AGAINST 9
WARNER BROS. DISCOVERY, INC. April 23, 2026 To approve, on an advisory (non-binding) basis, the compensation that may be paid or become payable to WBD's named executive officers that is based on or otherwise relates to the Merger. Compensation Board AGAINST 9
WESTLAKE CORPORATION May 14, 2026 Elect Directors: Jeffrey W. Sheets Director Elections Board ABSTAIN 9
Wayfair Inc. May 21, 2026 A non-binding advisory resolution to approve executive compensation. Say-on-Pay Board (inferred) AGAINST 9
AMERICAN STATES WATER COMPANY May 19, 2026 Elect Directors: Mr. C. James Levin Director Elections Board ABSTAIN 8
APTARGROUP, INC. May 6, 2026 Advisory vote to approve executive compensation. Compensation Board AGAINST 8
Ackermans & van Haaren NV May 26, 2026 Reelect Thierry van Baren as Director Director Elections Board AGAINST 8
Air Water, Inc. June 29, 2026 Appoint Statutory Auditor Mori, Seiji Compensation Board AGAINST 8
Air Water, Inc. June 29, 2026 Appoint Statutory Auditor Yoshida, Yasuaki Compensation Board AGAINST 8
Airship AI Holdings, Inc. December 11, 2025 Approval of the Airship Al Holdings, Inc. Amended and Restated 2023 Equity Incentive Plan, to increase the number of shares of the Company's common stock authorized for issuance pursuant to awards granted under the plan by 2,000,000 shares; and Compensation Board AGAINST 8
Airship AI Holdings, Inc. December 11, 2025 Election of Directors: Amit Mital Director Elections Board WITHHOLD 8
Airship AI Holdings, Inc. December 11, 2025 Election of Directors: Louis Lebedin Director Elections Board WITHHOLD 8
Airship AI Holdings, Inc. December 11, 2025 Election of Directors: Peeyush Ranjan Director Elections Board WITHHOLD 8
Airship AI Holdings, Inc. December 11, 2025 Election of Directors: Victor Huang Director Elections Board WITHHOLD 8
Akbank TAS March 24, 2026 Amend Article 9 Re: Capital Related Capital Structure Board AGAINST 8
Akbank TAS March 24, 2026 Approve Director Remuneration Compensation Board AGAINST 8
Akbank TAS March 24, 2026 Elect Directors Director Elections Board AGAINST 8
Alphatec Holdings, Inc. June 10, 2026 To elect seven persons to our Board of Directors: Quentin Blackford Director Elections Board WITHHOLD 8
Americana Restaurants International Plc December 4, 2025 Elect Abdullah Al Salihi as Director Director Elections Board ABSTAIN 8
Americana Restaurants International Plc December 4, 2025 Elect Ahmed Al Baqshi as Director Director Elections Board ABSTAIN 8
Americana Restaurants International Plc December 4, 2025 Elect Husam Al Deen Sadaqah as Director Director Elections Board ABSTAIN 8
Americana Restaurants International Plc December 4, 2025 Elect Majid Al Assaf as Director Director Elections Board ABSTAIN 8
Americana Restaurants International Plc December 4, 2025 Elect Majid Al Baddah as Director Director Elections Board ABSTAIN 8
Americana Restaurants International Plc December 4, 2025 Elect Mohammed Al Anzi as Director Director Elections Board ABSTAIN 8
Americana Restaurants International Plc December 4, 2025 Elect Mohammed bin Dawoud as Director Director Elections Board ABSTAIN 8
Americana Restaurants International Plc December 4, 2025 Elect Shabnam Mohammed as Director Director Elections Board ABSTAIN 8
Americana Restaurants International Plc December 4, 2025 Elect Tariq Al Saad as Director Director Elections Board ABSTAIN 8
Americana Restaurants International Plc December 4, 2025 Elect Thabit Al Tuweejri as Director Director Elections Board ABSTAIN 8
Americana Restaurants International Plc December 4, 2025 Elect Ziyad Al Hazimi as Director Director Elections Board ABSTAIN 8
Anglo American plc December 9, 2025 Amendment of 2024 and 2025 LTIP In-flight Awards Compensation Board AGAINST 8
BECTON, DICKINSON AND COMPANY January 27, 2026 Election of Director: Carrie L. Byington Director Elections Board AGAINST 8
BECTON, DICKINSON AND COMPANY January 27, 2026 Election of Director: Jeffrey W. Henderson Director Elections Board AGAINST 8
BECTON, DICKINSON AND COMPANY January 27, 2026 Election of Director: Thomas E. Polen Director Elections Board AGAINST 8
Beyond Meat, Inc. November 19, 2025 To approve an amendment and restatement of the Beyond Meat, Inc. 2018 Equity Incentive Plan (the "Restated Plan") to increase the number of shares of Common Stock authorized for issuance thereunder, including for purposes of the issuance of certain awards granted to key employees of the Company out of such increase. Compensation Board AGAINST 8
CARNIVAL CORPORATION April 17, 2026 To re-elect Helen Deeble as a Director of Carnival Corporation and as a Director of Carnival plc. Director Elections Board AGAINST 8
CARNIVAL CORPORATION April 17, 2026 To re-elect Jason Glen Cahilly as a Director of Carnival Corporation and as a Director of Carnival plc. Director Elections Board AGAINST 8
CARNIVAL CORPORATION April 17, 2026 To re-elect Jeffrey J. Gearhart as a Director of Carnival Corporation and as a Director of Carnival plc. Director Elections Board AGAINST 8
CARNIVAL CORPORATION April 17, 2026 To re-elect Katie Lahey as a Director of Carnival Corporation and as a Director of Carnival plc. Director Elections Board AGAINST 8
CARNIVAL CORPORATION April 17, 2026 To re-elect Laura Weil as a Director of Carnival Corporation and as a Director of Carnival plc. Director Elections Board AGAINST 8
CARNIVAL CORPORATION April 17, 2026 To re-elect Micky Arison as a Director of Carnival Corporation and as a Director of Carnival plc. Director Elections Board AGAINST 8
CARNIVAL CORPORATION April 17, 2026 To re-elect Randall Weisenburger as a Director of Carnival Corporation and as a Director of Carnival plc. Director Elections Board AGAINST 8
CARNIVAL CORPORATION April 17, 2026 To re-elect Sir Jonathon Band as a Director of Carnival Corporation and as a Director of Carnival plc. Director Elections Board AGAINST 8
CARNIVAL CORPORATION April 17, 2026 To re-elect Stuart Subotnick as a Director of Carnival Corporation and as a Director of Carnival plc. Director Elections Board AGAINST 8
CARRIER GLOBAL CORPORATION April 15, 2026 Advisory Vote to Approve Named Executive Officer Compensation Compensation Board AGAINST 8
CENTENE CORPORATION May 12, 2026 ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION. Compensation Board AGAINST 8
CENTENE CORPORATION May 12, 2026 Election of Director: Christopher J. Coughlin Director Elections Board AGAINST 8
CENTENE CORPORATION May 12, 2026 Election of Director: H. James Dallas Director Elections Board AGAINST 8
CENTENE CORPORATION May 12, 2026 Election of Director: Jessica L. Blume Director Elections Board AGAINST 8
CENTENE CORPORATION May 12, 2026 Election of Director: Kenneth A. Burdick Director Elections Board AGAINST 8
CENTENE CORPORATION May 12, 2026 Election of Director: Monte E. Ford Director Elections Board AGAINST 8
CENTENE CORPORATION May 12, 2026 Election of Director: Sarah M. London Director Elections Board AGAINST 8
CENTENE CORPORATION May 12, 2026 Election of Director: Theodore R. Samuels Director Elections Board AGAINST 8
CHEMED CORPORATION May 18, 2026 Advisory vote to approve executive compensation. Compensation Board AGAINST 8
CLOUDFLARE, INC. June 30, 2026 Approval and adoption of amendments to establish the Class C common stock. Capital Structure Board AGAINST 8
CLOUDFLARE, INC. June 30, 2026 Approval and adoption of amendments to implement a stock split in which (i) each share of Class A common stock would become one share of Class A common stock and one share of Class C common stock; and (ii) each share of Class B common stock would become one share of Class B common stock and one share of Class C common stock. Capital Structure Board AGAINST 8

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Built October 18, 2026 from SEC Form N-PX filings.